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Re: None

Tuesday, 02/01/2011 6:17:53 PM

Tuesday, February 01, 2011 6:17:53 PM

Post# of 53694
At the end of September the IRS debt was $229,790. The company goal was stated in last quarter's report to pay this off during the first part of 2011. This is an intrinsic event that I am anxiously waiting for. I believe the IRS lien is currently a major road-block to both expansion and demand for the stock. Once the lien is removed, a good credit facility may become available. This will open the door to bid on bigger contracts, and the company will look more attractive to some investors. Taking on some debt is not always bad if it's timed right, but the availability of credit as a safety net is most important. Anyway, this may be why new investors are not currently flooding in droves (aside from the listing issue). These things are what have been ticking and talking in the back of my head lately.
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